The Protective Coatings Market size is estimated at USD 13.51 billion in 2024, and is expected to reach USD 15.96 billion by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the market in 2020. However, as the lockdowns were lifted, these end-user sectors started to grow rapidly to reach the pre-COVID level, which is expected to enhance demand for the market studied through the years to come.
The global protective coatings market is fragmented in nature, and the top five players dominated global production with a significant share in 2021. Some of the key players (not in any particular order) in the market include Akzo Nobel NV, The Sherwin-Williams Company, PPG Industries Inc., Jotun, and Hempel AS, among others.
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